Earn to Learn Act: Matched Savings for Low-Income Students
To establish a matched savings program for low-income students.
This bill is currently in the House Committee on Education and Workforce. It has not moved since August 13, 2026. The committee members must decide whether to hold a vote on the proposal before it can move any further.
While the bill has bipartisan support, it is a new spending program and most bills of this type struggle to pass unless they are included in a much larger education package.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Low-income students accepted to college or a career and technical school can join a matched savings program where every $100 they save earns an extra $800 in matching funds toward tuition. To qualify, students must complete a personal finance training course and agree to save regularly, giving them a new tool to pay for school without borrowing as much.
“Upon a participating student or student's family depositing $100 into a postsecondary education match savings account for the appropriate academic year, the eligible entity shall provide a match of $8 into the student's postsecondary education match savings account for each subsequent dollar deposited by the student or student's family.”
Referred to the House Committee on Education and Workforce.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
The Earn to Learn Act, sponsored by Senators Romney and Sinema, would establish a national matched-savings program for low-income students. The bill requires financial literacy training and ensures that matched funds do not impact Pell Grant eligibility.
Senator Mitt Romney and Senator Kyrsten Sinema introduced the Earn to Learn Act, a bipartisan bill that creates a matched-savings program for low-income students. For every dollar a student saves, the program provides an $8 match for tuition and other expenses.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
To establish a matched savings program for low-income students.
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